PUBLISHER: Acute Market Reports | PRODUCT CODE: 1236729
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1236729
The growing world economy has created a positive environment for the automobile industry to flourish. The automotive industry contributes significantly to the world GDP. The increasing demand for automobiles directly impacts the demand for related components such as automotive windshields.
Moreover, countries such as China and India which has witnessed a significant rise in the demand for automobiles in recent years, a factor further contributing to the increasing demand for automotive windshields. In addition, windshields form an integral part of any vehicles considering the fact that it forms a critical safety component. Moreover, it performs the crucial function of protecting from debris, dust, UV rays and harmful radiation.
One of the most prominent factors complimenting the automotive windshields market growth is the rising motor vehicle production across the world. With increasing net disposable income and improving standard of living, people are in a better position to invest in buying cars. The aforementioned sentence is justified by the fact that the global motor vehicle production has continuously witnessed a year-on-year increase since 2010. In 2017, this growth was 2.36% over 2016. China and India in particular have remained in the forefront in this context, thanks chiefly to it expanding middle class population. Moreover, the fact that various automobile manufacturers are introducing new entry level cars and compact SUVs is further supporting this growth. Another important factor aiding the automotive windshields market growth is growing integration of technology into windshields. In recent years, it has been observed that technology integration in windshields has increased and the trend is expected to continue in the years to come. Some examples of technology integrated windshields include collision avoidance systems with a camera and radar located on the windshield, night vision with an infrared camera mounted on the windshield and windshield-embedded video sensors as part of the lane departure alert system among others.
However, high cost of smart windshields is one of the restraints impacting the market growth negatively. Moreover, limited awareness among consumers pertaining to the benefits of smart windshields is another factor restricting the market growth.
Some of the recent trends impacting the automotive windshield market include the application of smart windshields as ad billboard inside a car. For instance, Corning, Inc. has plans to offer carmakers the same glass that is used in Apple iPhones for windshields. Similarly, windshields that can be used as video screens are under development. These windshields once developed will be capable of playing targeted localized information.
Key Players Identified in the automotive windshields market include but are not limited to:
Nippon Sheet Glass, Saint-Gobain, Fuyao Glass, Asahi Glass, Vitro, Xinyi Glass, Dura Automotive, Sisecam Group, Magna International, Guardian Industries, PPG Industries, Central Glass And others.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive Windshield market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Automotive Windshield market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Application
Front Windshields
Rear Windshields
Glass
Laminated
Tempered
Vehicle
Passenger Cars
Heavy Commercial Vehicles (HCVs)
Light Commercial Vehicles (LCVs)
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Automotive Windshield market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Automotive Windshield market?
Which is the largest regional market for Automotive Windshield market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Automotive Windshield market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive Windshield market worldwide?